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Pre-open Outlook(08-11-2013)

As US markets closed in deep Red yesterday therefore all the Asian markets are weak today morning resultant sentiment turned weak and gap down opening will be seen in Indian markets. Short Term correction of impulsive Wave-3 is on and lower levels consolidation was also seen yesterday therefore deeper correction is not possible and finally impulsive Wave-3 rally continuation is expected in next week after on going Short Term correction completion within 1/2 sessions.